Friday, July 13, 2012

Blood, debt and fears: crowds rise up as Spain agrees new €65bn cuts

This time, it's Spain that's heating up.  The Independent.  Excerpts:

The Spanish Prime Minister, Mariano Rajoy, unveiled a fresh round of spending cuts totalling €65bn over two years at a noisy session of parliament yesterday. The measures represent the country's latest bid to convince financial markets that its public finances are in order and prevent a debt crisis spreading to the rest of the eurozone.



At the same time, hundreds of striking miners led a rally which stretched for miles along Madrid's main road in protest over cuts in subsidies they say will destroy Spain's coal industry.


The protesters tossed fireworks and clashed with riot police, who fired rubber bullets, as the unions vowed widespread action for the week beginning on 21 July. The demonstrations spread to the capital's parliamentary building and the headquarters of the governing conservative People's Party (PP).


At least one volley of rubber bullets was fired directly at miners, relatives and sympathisers as they gathered outside the Industry Ministry after marching up Madrid's main north-to-south street, the Castellana.

Expect Spain's tensions and resistance to rise right up to July 21, and then..  It's anybody's guess. 

Society's fabric unravels, unabated, breathtaking in its absolute..  Thoroughness. 

Everything truly is all happening now.

No comments: